Guangdong No.2 Hydropower Engineering Company Ltd(002060)
Announcement on providing guarantee for the wholly-owned subsidiary Southeast Guangdong No.2 Hydropower Engineering Company Ltd(002060) Investment Co., Ltd. the company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Special risk tips:
The external guarantees of the company and its holding subsidiaries are guarantees for the holding (wholly-owned) subsidiaries (grandchildren) within the scope of the consolidated statements. The total amount of external guarantee of the company and its holding subsidiaries exceeds 100% of the latest audited net assets and the guarantee amount exceeds 50% of the latest audited net assets of the company. Please pay attention to the relevant risks. In order to promote the investment and construction of 60MW agricultural (vegetable basket project) optical composite project in Bolian Town, Lingao County, Hainan Province, and strive for the project to be put into operation as soon as possible, Guangdong No.2 Hydropower Engineering Company Ltd(002060) (hereinafter referred to as “the company”) plans to provide a construction period guarantee for a wholly-owned subsidiary Southeast Guangdong No.2 Hydropower Engineering Company Ltd(002060) Investment Co., Ltd. (hereinafter referred to as “Southeast Guangdong No.2 Hydropower Engineering Company Ltd(002060) “) with a loan of no more than 285140600 yuan from financial institutions.
1、 Overview of guarantee
The company plans to invest Southeast Guangdong No.2 Hydropower Engineering Company Ltd(002060) in the construction of 60MW agricultural (vegetable basket project) optical composite project in Bolian Town, Lingao County, Hainan Province, with a total investment of 356425800 yuan, accounting for 20% of the capital of the project. In order to promote the investment and construction of the project, Southeast Guangdong No.2 Hydropower Engineering Company Ltd(002060) plans to apply to financial institutions for a loan of no more than 285140600 yuan. The company plans to provide construction guarantee for the financing of the project for a period of no more than 10 months (from the date of loan processing, the actual period shall be subject to the contract), and adopt the form of joint and several liability guarantee. At the same time, the pledge guarantee of electricity charge right is adopted during the operation period of the project.
On January 13, 2022, the 21st Meeting of the 7th board of directors held by the company deliberated and adopted the proposal on providing guarantee for Southeast Guangdong No.2 Hydropower Engineering Company Ltd(002060) Investment Co., Ltd., a wholly-owned subsidiary, with 9 affirmative votes, 0 negative votes and 0 abstention. It agreed that the company should provide the above guarantee for Southeast Guangdong No.2 Hydropower Engineering Company Ltd(002060) . The guarantee can be implemented only after being submitted to the general meeting of shareholders for deliberation and approval.
2、 Basic information of the guaranteed
1. Name: Southeast Guangdong No.2 Hydropower Engineering Company Ltd(002060) Investment Co., Ltd.
2. Address: shopping mall on the first floor of Fuxiang garden, No. 59, second east Haidian Road, Haikou City. 3. Type: limited liability company (sole proprietorship of legal person invested or controlled by non natural person).
4. Date of establishment: March 28, 2014.
5. Legal representative: Chen Peng.
6. Registered capital: 500 million yuan.
7. Business scope: industrial project investment, energy investment and development, electromechanical equipment installation, power facility installation, repair, test, technology development, consulting services, labor services (except labor dispatch), engineering construction, etc.
8. Property right and control relationship of Southeast Guangdong No.2 Hydropower Engineering Company Ltd(002060) .
9. Southeast Guangdong No.2 Hydropower Engineering Company Ltd(002060) is not a dishonest person.
10. Financial indicators of Southeast Guangdong No.2 Hydropower Engineering Company Ltd(002060) in the latest year.
Unit: 10000 yuan
Project December 31, 2020 September 30, 2021 (audited) (Unaudited)
Total assets 409880.79 373939.48
Total bank loans 242118.60 190982.89
Total current liabilities 107699.12 97693.43
Total amount of contingencies (including guarantee, mortgage, litigation and arbitration matters)
Net assets 73504.97 93377.41
Operating income 67044.06 55418.81
Total profit 17595.40 24301.57
Net profit 16131.01 20906.44
Latest credit rating —
3、 Main contents of the guarantee agreement
(I) guarantee amount: no more than 285140600 yuan.
(II) guarantee mode: joint and several liability guarantee.
(III) guarantee period: no more than 10 months.
(IV) signing of guarantee agreement: it will be signed after the guarantee is considered and approved by the general meeting of shareholders of the company.
4、 Opinions of the board of directors
1. In order to ensure the smooth development of Southeast Guangdong No.2 Hydropower Engineering Company Ltd(002060) business and promote the construction of 60MW agricultural (vegetable basket project) optical composite project in Guangdong No.2 Hydropower Engineering Company Ltd(002060) Bolian Town, Lingao County, Hainan Province, the board of directors agreed that the company would provide guarantee for the loan of Southeast Guangdong No.2 Hydropower Engineering Company Ltd(002060) no more than 285140600 yuan.
2. The board of directors of the company believes that southeast Guangdong No.2 Hydropower Engineering Company Ltd(002060) has excellent asset quality, good operation, the ability to repay debts, broad prospects for clean energy power generation, and the guarantee risk is controllable.
3. Southeast Guangdong No.2 Hydropower Engineering Company Ltd(002060) is a wholly-owned subsidiary of the company, and Southeast Guangdong No.2 Hydropower Engineering Company Ltd(002060) does not provide counter guarantee.
5、 Accumulated external guarantees and overdue guarantees
After this guarantee, the total guarantee amount of the company and its holding subsidiaries is 12146840600 yuan (including the guarantee amount reviewed this time). After this guarantee is provided, the total balance of external guarantee of the company and its holding subsidiaries is 5518908800 yuan, accounting for 150.30% of the company’s latest audited net assets; The company and its holding subsidiaries do not provide guarantees for units outside the consolidated statements, guarantee corresponding to overdue debts, guarantee involving litigation and guarantee to be borne due to losing the judgment, etc.
6、 Directory of documents for future reference
Resolution of the 21st Meeting of the 7th board of directors.
It is hereby announced.
Guangdong No.2 Hydropower Engineering Company Ltd(002060) board of directors January 14, 2022
